The African economy is expected to grow by 5.8 per cent this year and another 5.5 per cent next year. Oil-exporting countries are outpacing others by a substantial margin while other countries continue to face serious problems.
Feeling guilty about the damage your Ford Taurus does to shrinking ice caps? Ford has teamed up with TerraPass to create a Greener Miles program where you can calculate your CO2 emissions and pay the equivalent to support renewable energies and become carbon neutral. This is one of a growing number of schemes out there to help those concerned at climate change offset the impact of using planes, trains and automobiles.
New from the OECD: The Rise of China and India - What's in it for Africa? By the end they lean towards the conclusion that the “Asian Drivers’ rise in the world economy are largely positive for Africa.” The real determinant will of course be the wisdom of future policy decisions - this is where we need to focus. See a short summary or this policy insight note.
The Boston Consulting Group has a new report out, The New Global Challengers: How 100 Top Companies from Rapidly Developing Economies Are Changing the World.
Until recently, only a dozen or so companies based in rapidly developing countries could be described as emerging global challengers. Today there are hundreds, which is in line with the expectation that by 2050 China and India will be two of the world’s three largest superpowers…
There has been a tendency to conclude that the difficulties for poorer countries to join the ranks of countries able to attract and use nonextractive foreign direct investment for development must be staggering and in the case of tropical countries—including most of sub-Saharan Africa, Central America, and the Caribbean—may be almost impossible to overcome. But the evidence indicates otherwise. Two of the most prominent success stories in the literature on foreign direct investment and development are Mauritius and the Dominican Republic.
One thousand [Microsoft] PCs were put up for sale in Brazil this week for $600, of which consumers pay $200 to $250 while the local branch of HSBC Holdings Plc covers the balance. Rather than pay monthly installments, users buy cards that activate their computers until the balance, plus interest, is paid off. Meanwhile, the International Finance Corp. covers the commercial bank's risk from users' variable payments. "What you're buying here is time. Time really is money here," said Xavier Jordan, financial specialist at the World Bank's IFC…
From Raj Nallari and Breda Griffith's lecture notes. This and upcoming Fridays we will analyze the interrelationships between economic growth, poverty and inequality. In recent years there has been a lot of discussion on pro-poor growth, which is essentially an attempt to examine the degree to which economic growth benefits the poor. This topic will also be examined.
Economic Growth and Poverty Reduction